Hello everyone, let's look at the 4H ETC to USDT chart as we can see that the price is moving in a downtrend channel.
Let's start by setting goals for the near future that we can include:
T1 = $28.51
T2 = $29.92
T3 = $31.92
T4 = $35.08
AND
T5 = $37.63
Now let's move on to the stop loss in case of further market declines:
SL1 = $22.82
SL2 = $20.04
AND
SL3 = $18
Looking at the RSI indicator, you can see a sideways movement near the middle of the range, while the STOCH indicator started to reverse from the middle of the range.
Let's start by setting goals for the near future that we can include:
T1 = $28.51
T2 = $29.92
T3 = $31.92
T4 = $35.08
AND
T5 = $37.63
Now let's move on to the stop loss in case of further market declines:
SL1 = $22.82
SL2 = $20.04
AND
SL3 = $18
Looking at the RSI indicator, you can see a sideways movement near the middle of the range, while the STOCH indicator started to reverse from the middle of the range.